General World News

Black Knight rolls out tool to minimize fee cure expenses

Black Knight this week launched a tool that enables lenders to compare loan estimates and closing disclosures from closed loans to minimize expenses in a higher rate environment.

Dubbed the Black Knight “fee cures suite,” the program combines loan information from the lender’s loan origination system with the firm’s Ernst fee data, as well as analytics from the company’s “actionable intelligence platform,” to minimize mandatory 0% and 10% fee cures.

The mandatory 0% tolerance fees are paid to the creditor, the mortgage broker, or an affiliate of either party. Any origination fees charged to borrowers fall under this category. And the 10% details ⇒

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